Tempering expectations

The government has been guilty on more than one occasion of allowing citizens’ expectations to grow past the levels of possibility when it comes to troika supervision and negotiations with international lenders for lightening Greece’s debt load.

It is way too early to draw any conclusions about how talks between Athens, the International Monetary Fund, European Commission and European Central Bank will progress given that they are only just really beginning.

The mood of international financial markets will play a critical role in how negotiations develop, while it is naive to believe that Greece’s creditors will significantly relax supervision of fiscal progress anytime soon.

The government’s efforts could suffer serious setbacks if not complete failure if the misplaced speculation and hyperbole are not contained. What it needs to do is sit down and decide on what it is really prepared to tell the people and when.

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